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Foundations of Decision Making (Decision-making Errors and Biases (Framing…
Foundations of Decision Making
A good decision should be defined by its outcome.
Decision-making Errors and Biases
Framing
Availability
Confirmation
Representation
Selective Perception
Randomness
Anchoring Effect
Sunk Costs
Immediate Gratification
Self-Serving
Overconfidence
Hindsight
Decision making is the essence of management.
Leading
Organizing
Planning
Controlling
For structured problems,use:
Rules
Policies
Procedure